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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (105101)12/1/2009 8:51:18 AM
From: Steve Lokness1 Recommendation  Read Replies (2) | Respond to of 116555
 
How does Dubai fit into Zombie Capitalism? Didn't Dubai offer all the great things portrayed in some of Ayn Rands novels? Didn't work even with the huge and continuous milking of oil revenues. Check out some these pictures;

lens.blogs.nytimes.com

steve



To: mishedlo who wrote (105101)12/1/2009 10:11:49 AM
From: John McCarthy  Read Replies (1) | Respond to of 116555
 
5 Stars

This however will be a Zombie Capitalism:

the private sector’s reductions in debt will counter the public sector’s attempts to stimulate the economy via debt-financed spending.

Growth, if it occurs, will not be sufficiently high to prevent growing unemployment, and growth is likely to evaporate as soon as stimulus packages are removed.

Thanks

regards
John


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